The interim budget for education in India has been reduced by 7%, with the allocation for the University Grants Commission (UGC) slashed by 61%. The budget for schools saw a marginal dip, while higher education funding decreased significantly. Experts raised concerns over the impact on universities and students, and the UGC emphasized its commitment to quality higher education despite the funding cuts. Meanwhile, grants for central universities increased by 28%, but support for Indian Institutes of Management (IIMs) was trimmed for the second consecutive year. | Latest News India
There has been an overall increase of ₹12,024 Crore (19.56%) in the Budget Allocation of Department of School Education and Literacy in the FY 2024-25 from RE 2023-24.